Narrative Update • Jun 02

Over the last 7 days, the Residential REITs industry has risen 1.6%, driven by gains from Daiwa Securities Living Investment of 0.3%. In the last 12 months, the industry was up 3.5%. As for the next few years, earnings are expected to grow by 1.1% per annum.
Has the Japanese Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Jun 2026 | JP¥1.4t | JP¥142.9b | JP¥61.9b | 21.6x | 21.9x | 9.5x |
| Fri, 15 May 2026 | JP¥1.4t | JP¥143.1b | JP¥62.3b | 22.3x | 22.6x | 9.9x |
| Sun, 12 Apr 2026 | JP¥1.5t | JP¥142.2b | JP¥61.7b | 23.5x | 24x | 10.4x |
| Tue, 10 Mar 2026 | JP¥1.5t | JP¥138.3b | JP¥58.7b | 24.6x | 25.6x | 10.9x |
| Thu, 05 Feb 2026 | JP¥1.5t | JP¥138.3b | JP¥58.7b | 25.1x | 26.1x | 11.1x |
| Sat, 03 Jan 2026 | JP¥1.5t | JP¥138.3b | JP¥58.7b | 24.5x | 25.8x | 10.9x |
| Mon, 01 Dec 2025 | JP¥1.5t | JP¥138.3b | JP¥58.9b | 24.1x | 25.6x | 10.9x |
| Wed, 29 Oct 2025 | JP¥1.5t | JP¥137.8b | JP¥58.5b | 23.9x | 25.5x | 10.8x |
| Fri, 26 Sep 2025 | JP¥1.5t | JP¥137.3b | JP¥58.2b | 23.8x | 25.6x | 10.8x |
| Sun, 24 Aug 2025 | JP¥1.4t | JP¥134.1b | JP¥56.4b | 23.3x | 25.3x | 10.6x |
| Tue, 22 Jul 2025 | JP¥1.3t | JP¥134.1b | JP¥56.4b | 21.8x | 23.8x | 10x |
| Thu, 19 Jun 2025 | JP¥1.3t | JP¥134.1b | JP¥56.4b | 21.3x | 23.4x | 9.8x |
| Sat, 17 May 2025 | JP¥1.3t | JP¥132.1b | JP¥55.0b | 21.3x | 23.3x | 9.7x |
| Mon, 14 Apr 2025 | JP¥1.3t | JP¥130.1b | JP¥53.4b | 22.3x | 23.8x | 9.8x |
| Wed, 12 Mar 2025 | JP¥1.3t | JP¥125.3b | JP¥52.6b | 24.6x | 23.8x | 10x |
| Fri, 07 Feb 2025 | JP¥1.2t | JP¥125.3b | JP¥52.6b | 24.6x | 23.5x | 9.8x |
| Sun, 05 Jan 2025 | JP¥1.3t | JP¥125.3b | JP¥52.6b | 25.4x | 24.2x | 10.2x |
| Tue, 03 Dec 2024 | JP¥1.3t | JP¥125.1b | JP¥52.5b | 25.5x | 24.3x | 10.2x |
| Thu, 31 Oct 2024 | JP¥1.3t | JP¥123.7b | JP¥52.2b | 27x | 25.6x | 10.8x |
| Sat, 28 Sep 2024 | JP¥1.4t | JP¥129.3b | JP¥54.6b | 24.5x | 26.4x | 11.2x |
| Mon, 26 Aug 2024 | JP¥1.4t | JP¥128.7b | JP¥54.4b | 25.2x | 26.5x | 11.2x |
| Wed, 24 Jul 2024 | JP¥1.4t | JP¥128.7b | JP¥54.4b | 24.4x | 25.6x | 10.8x |
| Fri, 21 Jun 2024 | JP¥1.4t | JP¥128.7b | JP¥54.4b | 24.8x | 26x | 11x |
| Sun, 19 May 2024 | JP¥1.5t | JP¥127.0b | JP¥53.1b | 27.2x | 28x | 11.7x |
| Tue, 16 Apr 2024 | JP¥1.4t | JP¥120.9b | JP¥50.7b | 28.9x | 28.4x | 11.9x |
| Thu, 14 Mar 2024 | JP¥1.3t | JP¥126.2b | JP¥52.6b | 24.3x | 24.8x | 10.3x |
| Sat, 10 Feb 2024 | JP¥1.4t | JP¥126.2b | JP¥52.6b | 25.4x | 26.3x | 11x |
| Mon, 08 Jan 2024 | JP¥1.6t | JP¥146.3b | JP¥61.7b | 24.8x | 26.5x | 11.2x |
| Wed, 06 Dec 2023 | JP¥1.7t | JP¥147.0b | JP¥61.9b | 24.8x | 26.7x | 11.3x |
| Fri, 03 Nov 2023 | JP¥1.7t | JP¥143.9b | JP¥61.2b | 27.5x | 27.4x | 11.7x |
| Sun, 01 Oct 2023 | JP¥1.7t | JP¥143.2b | JP¥60.6b | 26.9x | 28.2x | 11.9x |
| Tue, 29 Aug 2023 | JP¥1.7t | JP¥141.3b | JP¥59.8b | 27.7x | 29x | 12.3x |
| Thu, 27 Jul 2023 | JP¥1.8t | JP¥141.5b | JP¥59.8b | 27.6x | 29.5x | 12.5x |
| Sat, 24 Jun 2023 | JP¥1.7t | JP¥140.4b | JP¥59.4b | 27.5x | 29x | 12.3x |
29x
How does Japanese Residential REITs compare with similar industries?
| JP Market | 4.16% | |
| Real Estate | 4.62% | |
| REITS | 2.12% | |
| Residential REITs | 1.61% | |
| Hotel and Resort REITs | 4.07% | |
| Retail REITs | 2.72% | |
| Office REITs | 2.64% | |
| Healthcare REITs | 2.34% | |
| Industrial REITs | 2.14% | |
| Diversified REITs | 2.12% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8986 Daiwa Securities Living Investment | JP¥98.40k | 0.2% +JP¥477.2m | 1.5% | PB1.2x | |
| 3459 Samty Residential Investment | JP¥94.70k | 0.2% +JP¥170.5m | -0.8% | PB0.9x |